Blackham Resources have re-fired open pit mining at the Wiluna gold mine for the first time in a decade in a plan the recovering producer hopes will secure the long-term future of the operations.
The company is shifting its main source of production from the Matilda open pits, 20km from the 1.8 million tonnes per annum Wiluna processing plant, to higher-grade resources in the immediate vicinity of the mill.
Blackham executive chairman Milan Jerkovic said the Wiluna deposits, starting with the East-West pit, would deliver higher- grade base load feed at lower operational costs than the Matilda pits, which burnt cash early in their lives because of expensive pre-strips.
Blackham has outlined “free-milling” open pit resources around the mill of 5.1 million tonnes at 1.43 grams per tonne for 236,000 ounces.
Blackham shares closed higher yesterday at 4.7¢.
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